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his responsibilities. german cardinal joseph ratzinger became pope in 2405. he was the oldest person to become the pontiff. he strongly opposed birth control but embraced new forms of communication and joined twitter. he faced a string of challenges from sexual abuse scandals involving members of clergy to an investigation of money laundering in vatican city. a court convicted his former butler of stealing and leaking classified documents that pointed to corruption in the vatican. the pope pardoned him over christmas. it's rare for a pope to resign. pope benedict is the first to quit in nearly 600 years. senior members of the catholic church will start planning their conclave, the meeting they hold to choose a successor. catholics make up a small portion of the japanese population, still, they have been surprised by the pope's resignation. peter tekao okeda became archbishop in japan, has visited the vatican twice and was shot when he heard about the resignation. >> translator: i couldn't believe the news. we didn't see it coming. i was hoping the pope would continue, despite his age
. >> joseph ratzinger, matt, in 2005, was one of only two cardinals who had participated in the papal elections. the two elections of 1978. he knows exactly what the purchas burden of responsibility is that these men are taking on themselves. he knows the conflicting emotions that many of them have. some of which greg and father baron have just described. i think he was saying to them, look, i know how you feel. and i am going to be with you in solidarity and in prayer over the next several weeks. of what is going to be a difficult test. >> at the same time, he has made clear, he does not want to exert undue influence on the process. this is not somebody who's behind the scenes twisting arms saying this should be the next pope? absolutely not, savannah. he is going to disappear. we're not going to see this man for months. he's too much a respecter of the process. he's too much of a respecter of his brother cardinals. and he's too, frankly, humble a human being to try to monkey in any way whatsoever with the selection of his successor. >> matt? >> yeah, i was curious, though, and fathe
papacy. perhaps he wanted to avoid that. now the former german cardinal, joseph ratzinger, was a conservative and advocate of traditional faith. he had to deal with a whole lot of issues between catholics and muslims and jews during his time in office. he also had to deal with scandal including the widespread charges of child abuse inside the catholic church. the question now is, who will be the new pope before the billion plus catholics around the world? there is some speculation it could come from south america, from africa, the developing world. history could be made but as we've seen in the past certainly there will be drama as well as those black and then white smoke signals come up from the sis teen chap nell. we'll be -- sistine chapel. we'll be watching. jenna: the twitter account we put up on the screen is something new he started. probably won't get the announcement from there. that would be a little too much. greg, much more on the story throughout the day today. big one as it is. thank you. >> reporter: thank you. >> look at that, guys. that is a tornado right
, after eight years, formal cardinal joseph rat ratzinger retires as pop. as we continue to see what the conclave will do as we search for his successor as the entire world watches what is happening with him. >>> got some breaking news out of the new york fed. a hard right turn here to steve liesman. >> why does this always happen to me, carl? >> hard to follow the pope, my man. >> exactly. let me do my best. the new york fed reporting that total consumer indebtedness rising a scant 3% to 11.3 trillion. housing debt was flat. it was a small gain but the first gain we've seen since the first quarter of 2011, that was thought to be a bit of a statistical anomaly. so maybe this is the first real gain. let me show you what rose. auto loans up 15 billion. credit cards up 5 billion. the perennial student loans up 10 billion and they have been rising quite a bit. delinquencies are quite high. all delinquencies declined except for student loans and they were up almost 12% and probably because of a whole bunch of different reasons, carl, they could be twice as high as that. carl, back to you.
Search Results 0 to 4 of about 5 (some duplicates have been removed)

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